What are SBA's policies concerning the liquidation of collateral and the sale of business loans and physical disaster assistance loans, physical disaster business loans and economic injury disaster loans?

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) Sell a direct loan; (2) Convert a guaranteed or immediate participation loan to a direct loan; or (3) Convert an immediate participation loan to a guaranteed loan or a loan owned solely by the Lender. (4) Sell direct and purchased 7(a) and 501, 502, 503 and 504 loans and physical disaster home loans, physical disaster business loans and economic injury disaster loans in asset sales. SBA will offer these loans for sale to qualified bidders by means of competitive procedures at publicly advertised sales. Bidder qualifications will be set for each sale in accordance with the terms and conditions of each sale. (c) (1) (2) (d) (e)

official document · source cfr-2024 · id 13:§ 120.545